Question

A man lent 240000 as 12% per annum ..he gave 5200 per month..in how many years he completely given the money.

answer is 9... please give the solution​

Answer 1

Answer:

follow me I will give you solution

Answer 2

Step-by-step explanation:

let this be on simple interest

p=240000, r=12% =0.12 per year

si = 5200 per month

r = 0.12/12 = 0.01 per year

n = no. of months

si = pnr

62400 = 240000 × 0.01 ×n

62400 = 2400× n

n = 62400/ 2400 = 26 months

= 2years 2 months

sorry I got a different ans I guess